Global Subsea Equipments Market Research Report
- Report Code: OI 1153
- Publish Date: Upcoming
Subsea is a term that refers to equipment, method, and technology employed in undersea geology, underwater mining, offshore oil & gas developments, and marine biology. In the oil & gas industry, the term subsea relates to the drilling, exploration, and development of oil & gas fields in underwater locations, usually at the shallow water and deep water level. Subsea equipment is usually used at a deep water depth for the exploration and production of oil & gas. This equipment includes subsea umbilical risers & flowline (SURF), subsea manifolds, subsea tree, subsea boosting systems, subsea separation systems, subsea injection systems, subsea compression systems, and so on.
The rising offshore exploration activities along with technological advancements drive the global subsea equipment market. The global subsea equipment market is expected to grow at a CAGR of approximately 7% from 2014 to 2019.
Due to the growing energy demand, exploration & production activities are increasing worldwide. However, due to the maturity of onshore fields, the attention towards offshore exploration is on the rise. Hence, the increasing capital spending of the subsea market along with the increasing consumption drive the subsea equipment market.
Subsea production system is the major market and holds a major share among other subsea equipment.
The market is segmented and forecast based on type, application, and geography. On the basis of type, the market is segmented into subsea production systems, subsea processing systems, subsea dredging, trenching & excavation equipment, and others. The market is further segmented based on major regions such as North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The applications included in this report are upstream–oil & gas and midstream–oil & gas.
The market share analysis, by revenue, of the top companies has also been included in the report. The market share analysis of these key players are arrived at, based on key facts, annual financial information, and interviews with key opinion leaders such as CEOs, directors, and marketing executives.
In order to present an in-depth understanding of the competitive landscape, the report on the subsea equipment market in North America consists of company profiles of key market players. This report also includes the market share and value chain analyses, along with market metrics such as drivers and restraints.
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Middle East and Africa Subsea Equipments The presence of rich oil fields in Africa and new discoveries of oil & gas reserves along with the ever increasing energy demand are driving the Middle East & African subsea equipment market. This market is expected to grow approximately at a CAGR of 9% from 2014 to 2019. |
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North America Subsea Equipments The rising deep water exploration activities along with technological advancement are driving the North American subsea equipment market. This market is expected to grow approximately at a CAGR of 7% from 2014 to 2019. |
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Latin America Subsea Equipments The rising offshore exploration activities along with increasing capital spending are driving the Latin American subsea equipment market. This market is expected to grow approximately at a CAGR of 8% from 2014 to 2019. |
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Europe Subsea Equipments The rising offshore exploration activities along with technological advancement are driving the European subsea equipment market. This market in Europe is expected to grow approximately at a CAGR of 6% from 2014 to 2019. |
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Asia-Pacific Subsea Equipments The new offshore field discoveries along with the technological advancement are driving the Asia-Pacific subsea equipment market. This market is expected to grow approximately at a CAGR of 6% from 2014 to 2019. |
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North America Subsea Production System The North American subsea production system market was valued at $3.1 billion in 2013 and is projected to reach $4.02 billion in 2018 at a CAGR of 5.3% from 2013 to 2018. The market is led by Aker, GE, and Cameron. |
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Middle East and Africa Subsea Production System The subsea production system market in Middle East & Africa was valued at $4223 million in 2013, with a market share of 24.4% globally. Projected to grow at a CAGR of 8% from 2013 to 2018, the market is led by companies such as Aker, GE, and Cameron. |
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Latin America Subsea Production System The Latin American subsea production market was valued at $3.71 billion in 2013 and is projected to reach $5.41 billion in 2018 at a CAGR of 7.8%. The market is led by Aker, GE, and Cameron. It is segmented on the basis of technology of subsea production. |
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Europe Subsea Production System The European subsea production market was valued at $4.72 billion in 2013 and is projected to reach $5.61 billion in 2018 at a CAGR of 3.5%. The market is led by Aker, GE, and Cameron. It is segmented on the basis of technology of subsea production. |
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Asia-Pacific Subsea Production System The subsea production market in Asia pacific was valued at $1548 million in 2013, with a market share of 8.9% globally. Projected to grow at a CAGR of 4.8% from 2013 to 2018, the market is led by Aker, GE, and Cameron. It is segmented on the basis of technology of subsea production. |
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Subsea Tree Subsea Tree market has been pegged at 2,872.2m in the year 2013 growing at 7.4% annually and is projected to reach 4,097.3m by the end of the year 2018. Subsea Tree constitute 16.6% of Global Subsea Production System market and are poised to grow its market... |
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Subsea Manifolds Subsea Manifolds market has been pegged at 2,827.2m in the year 2013 growing at 6.0% annually and is projected to reach 3,782.0m by the end of the year 2018. Subsea Manifolds constitute 16.3% of Global Subsea Production System market and are poised to grow... |
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Subsea Control Subsea Control and Subsea Manifolds, Subsea Umbilical Risers & Flowline (SURF) and |
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Subsea Umbilical Risers & Flowline (SURF) Subsea Umbilical Risers & Flowline (SURF) market has been pegged at 7,012.6m in the year 2013 growing at 7.3% annually and is projected to reach 9,980.2m by the end of the year 2018. Subsea Umbilical Risers & Flowline (SURF) constitute 40.5% of Global Subsea... |
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Subsea Dredging, Trenching & Excavation Equipment Global Subsea Dredging, Trenching & Excavation Market is segmented by Geography. The geographies include Asia Pacific, Europe, Middle East & Africa, North America and South America. |
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Subsea Processing Systems Subsea Processing Systems market has been pegged at 1,551.5m in the year 2013 growing at 5.3% annually and is projected to reach 2,007.3m by the end of the year 2018. Subsea Processing Systems constitute 4.7% of Global Subsea Equipments market and are poised... |
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